ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Production, Promotion, Place and Price
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Product, Price, Place and Promotion
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Profit, Price, Production and Promotion
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None of the above
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Detailed explanation-1: -What Are the 4 Ps of Marketing? Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.
Detailed explanation-2: -The four Ps of marketing is a marketing concept that summarizes the four key factors of any marketing strategy. The four Ps are: product, price, place, and promotion.
Detailed explanation-3: -Price: The amount of money paid by customers to purchase the product. Place (or distribution): The activities that make the product available to consumers. Promotion: The activities that communicate the product’s features and benefits and persuade customers to purchase the product.
Detailed explanation-4: -The 4 Ps of marketing-product, price, place and promotion-serve as a basic framework for assessing and adjusting your marketing strategy, and have long been thought of as the core of a marketing plan. But over the years, marketers have added three new Ps to better analyze marketing efforts.